Well its probably a good marketing ploy.
Put the rates up a little now and then when the OCR comes down again next month we can show big drops in our rates which will catch the eyes of the media and we will get free publicity....lol
Perhaps also they are starting to factor in that some of the bonds being issued at the moment have been at up to 4% margin over the OCR.
ARC are going to do one at about 2.5% over the OCR which is 1.5% higher than what they would normally go to market at.
Put the rates up a little now and then when the OCR comes down again next month we can show big drops in our rates which will catch the eyes of the media and we will get free publicity....lol
Perhaps also they are starting to factor in that some of the bonds being issued at the moment have been at up to 4% margin over the OCR.
ARC are going to do one at about 2.5% over the OCR which is 1.5% higher than what they would normally go to market at.
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